Asset Securitization Report

Castlelake Completes First Aircraft ABS Repayment Since Pandemic

Castlelake’s aviation leasing arm has fully repaid a $595 million aircraft‑backed security, marking the first complete repayment of an operating‑lease aircraft ABS since the COVID‑19 pandemic. The Castlelake Aircraft Securitization Trust 2021‑1, comprising 26 passenger jets, one freighter and 11 lessees across 10 countries, was settled two years ahead of schedule using lease cash flow and asset‑sale proceeds. This repayment is the seventh aircraft ABS that Castlelake has fully repaid or refinanced, underscoring its active management approach. The firm simultaneously launched an $843 million aircraft ABS in early 2026, signaling continued confidence in the sector.